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A company had the following purchases and sales during the month of November: Date Activities...

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Accounting

A company had the following purchases and sales during the month of November: Date Activities Units Acquired at Cost Units Sold at Retail November 1 Beginning inventory 5 units @ $20=$100 November 2 Purchase 10 units@ $22=$220 November 6 Purchase 6 units @ $25=$150 November 8 Sales 8 units@$55 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? $280 $304 $296 $288 $276

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